Over one lakh property owners evaded Rs 100 crore tax, finds GHMC survey
Hyderabad's municipal body has uncovered over a lakh property owners who collectively owe Rs 100 crore in evaded taxes. A recent GIS survey revealed widespread under-assessment of properties, particularly in rapidly urbanized areas. This tax evasion largely occurred between 2020 and 2023 when self-assessment was permitted, prompting a significant revenue shortfall.
Hyderabad's municipal body has uncovered over a lakh property owners who collectively owe Rs 100 crore in evaded taxes. A recent GIS survey revealed widespread under-assessment of properties, particularly in rapidly urbanized areas. This tax evasion largely occurred between 2020 and 2023 when self-assessment was permitted, prompting a significant revenue shortfall.
